Trane Technologies plc $TT Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG decreased its position in shares of Trane Technologies plc (NYSE:TT) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 88,961 shares of the company’s stock after selling 1,368 shares during the period. Raiffeisen Bank International AG’s holdings in Trane Technologies were worth $42,732,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TT. Brighton Jones LLC grew its holdings in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Trane Technologies by 22.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock worth $728,000 after buying an additional 305 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of Trane Technologies during the second quarter worth $227,000. Nebula Research & Development LLC boosted its holdings in Trane Technologies by 178.0% in the second quarter. Nebula Research & Development LLC now owns 2,371 shares of the company’s stock valued at $1,037,000 after purchasing an additional 1,518 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Trane Technologies by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company’s stock worth $45,552,000 after purchasing an additional 497 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on TT. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Sanford C. Bernstein increased their price objective on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada cut their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Weiss Ratings cut Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $521.50.

Insider Transactions at Trane Technologies

In related news, CEO David Regnery sold 43,778 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the transaction, the chief executive officer owned 96,950 shares of the company’s stock, valued at $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Stock Up 1.3%

Trane Technologies stock opened at $444.88 on Friday. The stock has a market capitalization of $97.88 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.10 and a beta of 1.19. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $469.24 and a two-hundred day moving average of $460.71. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the business earned $3.88 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, research analysts expect that Trane Technologies plc will post 15.31 earnings per share for the current year.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.